Federal Minister for Climate Change
Senator Mushahidullah Khan attended a workshop on carbon pricing as chief
guest.
He
highlighted while addressing to the participants of workshop Pakistan has less
than one percent share in global carbon emission but this share is expected to
increase considerably as the country climbs over the development ladder and
make efforts to achieve energy security. He further added besides following an
ambitious plan to develop its energy sector, climate change has been recognized
as a core component of the economic growth model which is linked to development
and well being of the population.
He
further highlighted that introducing instruments like carbon pricing can
greatly developing countries like Pakistan to develop in a more sustainable and
responsible way. Putting price on carbon emission may help in increasing
investments in green energy and reducing carbon footprint.
“Government
of Pakistan is cautiously evaluating options to introduce this instrument in a
way that our economic pace is not compromised. Ministry of Climate Change,
Government of Pakistan has strengthened engagement with the secretariat of the
United Nations Framework Convention on Climate Change through its Regional
collaborative Centre to evaluate the application of carbon pricing instrument
which can best fit with the national context and priorities while providing
benefits in terms of mitigation action and for attracting international support
for climate action”, He further added.
He
also thanked United National Framework Convention on Climate Change and
Regional Collaborative Centre for their facilitation and guidance on possible
options and effective means to benefit from carbon pricing instrument on behalf
of government of Pakistan.
Mr.
Taimoor representatives of United Nations Framework Convention on Climate
Change appreciated the efforts of Ministry of Climate Change Government of
Pakistan in implementing Paris agreement. Other speakers were Mr. Nicholas
Muller Consultative on Carbon Pricing and Ms.Saudamini Bagai Consultant on
Carbon Pricing. Carbon pricing the method favored by many economists for reducing
global-warming emissions — charges those who emit carbon dioxide (CO2) for their emissions. That
charge, called a carbon price,
is the amount that must be paid for the right to emit one tonne of CO2 into
the atmosphere. Nearly 40 countries and more than 20 cities, states and
provinces are already participating in or preparing for a carbon price. By
2020,carbon pricing is set to cover roughly 25% of global Green House Gas
emissions. In the region, momentum is growing to incorporate carbon-pricing
approaches in national and sub national climate policy.
